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South Carolina · 2025-2026 Regular Session · Bill

H 3304: Banning Central Bank Digital Currency

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

H 3304 is a bill introduced in the South Carolina House on December 5, 2024. According to its official title, it concerns: Banning Central Bank Digital Currency. Primary sponsor: Kathy Landing (Republican), Josiah Magnuson (Republican), Bill Chumley (Republican), Sarita Edgerton (Republican). Most recent recorded action (February 12, 2025): Member(s) request name added as sponsor: Edgerton.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 36-1-201, RELATING TO COMMERCIAL CODE GENERAL DEFINITIONS, SO AS TO ADD THE DEFINITION OF "CENTRAL BANK DIGITAL CURRENCY" AND TO AMEND THE DEFINITION OF "MONEY" TO EXCLUDE CENTRAL BANK DIGITAL CURRENCY; BY AMENDING SECTION 26-6-160, RELATING TO CONTROL OF TRANSFERABLE RECORDS PURSUANT TO THE UNIFORM ELECTRONIC TRANSACTIONS ACT, SO AS TO MAKE A TECHNICAL CHANGE; BY AMENDING SECTION 34-3-210, RELATING TO THE GENERAL POWERS OF A BANKING CORPORATION, SO AS TO PROHIBIT A BANKING CORPORATION FROM OFFERING ANY SERVICE OR APPROVING OF OR CONDUCTING ANY TRANSACTION THAT INVOLVES CENTRAL BANK DIGITAL CURRENCY; AND TO REQUIRE THE STATE BOARD OF FINANCIAL INSTITUTIONS TO PROMULGATE REGULATIONS TO PROHIBIT ENTITIES WITHIN ITS JURISDICTION FROM OFFERING OR PROVIDING ANY SERVICE OR CONDUCTING ANY TRANSACTION THAT WOULD UTILIZE CENTRAL BANK DIGITAL CURRENCY.

Sponsors

Sponsors by party (alphabetical): Republican 4

NameRolePartyChamberDistrict
Kathy LandingPrimary sponsorRepublicanHouse80
Josiah MagnusonPrimary sponsorRepublicanHouse38
Bill ChumleyPrimary sponsorRepublicanHouse35
Sarita EdgertonPrimary sponsorRepublicanHouse34

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Member(s) request name added as sponsor: Edgerton
  2. Referred to Committee on Labor, Commerce and Industry
  3. Introduced and read first time
  4. Referred to Committee on Labor, Commerce and Industry
  5. Prefiled

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source